A contract is the final outcome of what process?

Prepare for the LMS Substation 3-2 Test with our interactive quiz. Dive into flashcards and multiple choice questions, each with hints and explanations to enhance understanding. Get exam ready with confidence!

A contract is indeed the final outcome of negotiations or collective bargaining. This process involves discussions and agreements between parties, where the terms of the contract are established and refined based on the needs and interests of both sides. Effective negotiations typically require both parties to come to a mutual understanding and agreement on various clauses, obligations, and rights, resulting in a formalized document—the contract.

The other options do not lead directly to the establishment of a contract. Dispute resolution focuses on resolving conflicts that may arise after a contract is formed rather than creating one. Workshops are generally more about education or brainstorming and may not culminate in an agreement or contract. Reviews involve assessing existing contracts or agreements but do not encompass the negotiation process needed to create a new contract. This distinction highlights why negotiations or collective bargaining is integral to contract formation.

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